Short-Term Investment

6 Months Ended

Jun. 30, 2022

Short-term Investments [Abstract]

Short-Term Investment

Note 3 – Short-Term Investments

Short-term investments consist of U.S. Treasury bills and are available-for-sale. The following tables show the Company's short-term investments as of June 30, 2022 and December 31, 2021 (in thousands):

	As of June 30, 2022
	Amortized Cost		Unrealized Loss, Net			Estimated Fair Value
U.S. Treasury securities	$	104,776	$	(160	)	$	104,616

	As of December 31, 2021
	Amortized Cost		Unrealized Loss, Net			Estimated Fair Value
U.S. Treasury securities	$	134,980	$	(9	)	$	134,971

All available-for-sale securities held as of June 30, 2022 and December 31, 2021 had a maturity of less than one year. The Company has classified all marketable securities, regardless of maturity, as short-term investments based upon the Company’s ability and intent to use any and all of those marketable securities to satisfy the Company’s liquidity requirements.